ECB, keeping rates unchanged, stays quiet about future policy
http://www.reuters.com/article/us-ecb-policy-decision-idUSKCN12J2Q8
Required Reading
U.S. home resales rise, prices also up as inventory stays tight ECB, keeping rates unchanged, stays quiet about future policy Exclusive: Italy allocates 500 million euros for bank job cuts over next three years Fed’s Dudley: Banks need to ensure employee incentives in line with good conduct U.S. jobless claims rise, but labor market still…
Listen To Thursday’s Investor’s Edge Radio Show: 10/20/2016
Listen To Thursday’s Investor’s Edge Radio Show: 10/20/2016 Listen to the show by clicking here. https://archives.warpradio.com/btr/investorsedge/102018.mp3
The Closing Look
Stocks ended mixed on Wednesday, helped by a huge rally in crude oil. Crude oil broke out to a 15-month high after the Energy Information Administration reported a 5.3 million draw-down in inventory. Tighter supply concerns helped crude oil breakout and hit a fresh high for the year ahead of OPEC’s meeting next month (where they…
The Morning Look
Market Update: Stock futures are flat ahead of Thursday’s open as investors digested the final Presidential Debate, the latest ECB meeting (they did not add more easy money), and the latest round of earnings data. Gary’s Thoughts: Futures down a wee bit after being up most of the night. Earnings have been blah but many companies smart enough…
JPMorgan Pressures AmEx With Richer-Reward Business Card
http://www.bloomberg.com/news/articles/2016-10-19/jpmorgan-turns-up-heat-on-amex-with-richer-reward-business-card
What to Expect as Apple Gets Ready to End Mac Update Drought
https://www.bloomberg.com/news/articles/2016-10-18/what-to-expect-as-apple-gets-ready-to-end-mac-update-drought
Oil Rises to 15-Month High on U.S. Supply Drop, OPEC Optimism
http://www.bloomberg.com/news/articles/2016-10-18/oil-rises-after-industry-report-shows-u-s-crude-supply-drops